Suture Anchor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Suture Anchor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : December, 2019 | Medical Devices | PPT format

Report Digest

Global Suture Anchor Market: Overview 

There are possibilities that an athlete might suffer detachment of a ligament or tendon and/or any other soft tissue in the body while practicing or during the game. These injuries are extremely painful and require intensive care. Since, they ligaments and tendons are essential for the smooth movement of the joint, they require a solid support to keep them in place during the healing period. As a result sutures anchors are in high demand. Owing to this growing demand for the anchors, the global suture anchor market is expected to witness a substantial growth in coming years. 

TMR Research's report on global suture anchor market presents actionable insights for the players to support them with better decision making. Moreover, the report also enlightens various aspects such as notable developments, key opportunities, restraints, and regional analysis of global suture anchor market for the time frame of 2018 to 2028. 

Global Suture Anchor Market: Notable Development and Competitive Analysis 

Collaborating with various businesses is one of the major strategies that the players of global suture anchors market are adopting to have a sustainable future in the market. Moreover, acquisition is another step that is helping the businesses to expand their presence in the global market. The reason that is compelling the players to adopt these strategies is the growing competition in the market owing to joining of new players in the market. Already the market is fragmented and is stuffed with various players, it is quite natural that the addition of the new entrants in the global suture anchor market is expected to further intensify the completion. 

Some of the instances where current players of market adopted the strategies of collaboration and merger are mentioned below: 

  • In November 2018, Stryker Corporation acquired K2M Group Holdings, Inc. The acquisition allowed the company to gain access to K2M’s flagship technologies for various orthopedic surgeries including ligament and tendons surgeries, As a result of this acquisition, Stryker Corporation now has technological advantage over its rivals in global suture anchors market. 
  • In October 2018, Zimmer Biomet collaborated with technology giant Apple, Inc. to launch a major clinical study on patients undergone two of the most common surgeries prevalent in U.S. today –hip and knee replacement. As result of this collaboration, Zimmer Biomet shall monitor the progress of the patients through Apple Watch and iPhone, and an app specifically designed interface the data for the two organizations. With the results of this study, Zimmer Biomet can understand how patients are responding to the surgeries that uses sutures and anchors developed by the company. This as a result shall allow the company to design and develop medical equipment specific to the patients. With this development and collaboration Zimmer Biomet is expected to account a major share in the growth of global suture anchors market.

Global Suture Anchor Market: Key Drivers 

Growing Technological Developments to Propel the Growth of the Market 

As a result of technological developments in healthcare sector and incorporation of emerging technologies such as IoT and Artificial intelligence in various surgical equipment are expected to boost the growth of global suture anchor market during the projected timer frame of 2018 to 2028. The market is expected to ride on developments such as STRATAFIX Spiral Knotless Tissue Control Device developed by DePuy Synthes. The suture anchor uses a unique technology that helps the sutures to maintain its line of approximation during the surgery by providing multiple fixation point. 

Growing Demand for Bio-Composites Suture Anchors to Accelerate the Growth 

Owing to benefits such as enhanced visibility of sutures during the surgery, swift insertion and removal of the sutures, and excellent strength of the anchors, the bio-composites sutures anchors are in high demand. Owing to this rising demand for the bio-composites sutures anchors, the market is expected to witness a robust growth in the projected time frame of 2018 to 2028. 

Global Suture Anchor Market: Regional Analysis 

Owing to the factors such as rising participation in sports by youth, and rising number of sports related injuries in U.S. and Canada, North America is expected to dominate rest of the regions of global suture anchor market. The growth is also attributed to the various technological developments by players across the regions. 

The global suture anchor market is segmented on the basis of: 

  • Material 
    • Biocomposite suture anchors
    • PEEK suture anchors
    • Metallic suture anchors
    • Bioabsorbable suture anchors
    • Others

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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